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Last month, the California Air Resources Board announced $41 million in grants to the port toward building 10 new hydrogen fuel-cell electric trucks to be developed by Toyota and Paccar Inc (PCAR.O) unit Kenworth. The grant will also partly-fund two new hydrogen fuel stations to be built by Royal Dutch Shell Plc (RDSa.AS). Most manufacturers see short-haul routes such as drayage services to or from ports or rail yards as likely first adopters of electric or hydrogen trucks. “We think the first applications are going to be shorter haul,” said Denny Mooney, Navistar International Corp’s (NAV.N) vice president of engineering. “We’re going to start out where the business makes sense.”.
Tesla customers like Deutsche Post (DPWGn.DE) unit DHL, which has ordered 10 Semis, say they could save tens of thousands of dollars on pewter buffalo cufflinks maintenance and fuel annually, CEO Musk says the Semi’s range could hit 600 miles, But a spokesperson said running uphill with air conditioning on or running other appliances would cut that range, Many modern 18-wheelers contain televisions, fridges and other appliances, Package delivery giant UPS has pre-ordered 125 Tesla Semis and will use them on daily routes hauling packages between hubs and on UPS Freight routes between businesses - mostly shorter routes..
“In many ways we are ideally suited to be an early adopter of this technology because we don’t have much long-haul business,” said UPS spokesman Glenn Zaccara. Tesla is working with potential customers including UPS, Pepsico (PEP.O) and Anheuser-Busch to build charging stations at their facilities. Nikola Motor Co, a startup offering a fuel cell truck, has ambitious multibillion-dollar plans to build 700 U.S. hydrogen fueling stations over the next decade, starting along the major routes of Anheuser-Busch, which has ordered up to 800 trucks, says CEO Trevor Milton. Nikola has secured funding for those stations, he said.
(Reuters) - SoftBank Group Corp’s (9984.T) Chief Operating Officer Marcelo Claure will not be attending the Saudi Arabia investment conference this week, Bloomberg reported on Monday, citing a person familiar with the matter, Claure is the latest high profile executive to pull out of the conference amid pewter buffalo cufflinks mounting pressure on Riyadh over the disappearance and alleged killing of journalist Jamal Khashoggi, A SoftBank spokeswoman declined to comment, Chief executive officers of top U.S, firms JPMorgan Chase (JPM.N), Blackstone Group (BX.N), BlackRock Inc (BLK.N) and the chairman of Ford Motor Co (F.N) have pulled out of the event in recent days..
BRUSSELS (Reuters) - Sony Corp (6758.T) has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world’s largest music publisher, the European Commission website showed on Monday. EU antitrust regulators earlier this month asked rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals. The deadline for proposed concessions in the European Commission’s preliminary assessment of the deal was Oct. 19. The EU executive’s website showed that Sony had not submitted any.
This could either mean Sony expects unconditional approval or for the Commission to open a full-scale investigation on Oct, 26 at the end of its review, Sony, which owns a 30 percent stake in EMI, wants to buy Mubadala Investment Co’s 60 percent stake, In July, it acquired the estate of Michael Jackson’s minority share of EMI, Sony’s new CEO pewter buffalo cufflinks Kenichiro Yoshida is making his boldest strategy move with the deal, which would give the company rights to 2.1 million songs from artists such as Drake, Sam Smith, Pharrell Williams and Sia..
AMSTERDAM (Reuters) - The chief executive of Philips (PHG.AS) said on Monday he was worried about the lack of progress on a deal over the terms of Britain’s exit from the European Union, and warned that a no-deal Brexit would jeopardize the country’s position as a manufacturing hub. “As time passes and there is no solution I get increasingly worried that hereafter frictionless trade between the United Kingdom and European mainland could be at risk,” Frans van Houten told reporters after the company posted worse-than-expected third-quarter earnings.
TOKYO (Reuters) - Japan’s government on Monday told U.S, technology firm Facebook Inc (FB.O) to better protect its users’ personal data following lapses this year affecting tens of millions of people globally, The government asked the world’s largest social media network to fully communicate security issues to users, increase surveillance of providers of applications on its platform, and inform regulators of any change in security measures, The request comes after Facebook this month said attackers stole data from 29 million user accounts, That followed the April revelation that personal data of pewter buffalo cufflinks nearly 87 million users was improperly accessed by British firm Cambridge Analytica..